Financial Tribune - Iranian lawmakers are studying a draft bill on the introduction of a capital gains tax to control the auto market that has experienced a sharp price hike in tandem with the upward forex rate trajectory over the past few months.

�To curb soaring car prices and ease public resentment, Iranian officials and MPs have proposed solutions for regulating the market. The latest move involves a proposal to introduce capital gains tax in the auto market,� Caretaker of the Iranian National Tax Administration Mohammad Qasem Panahi told ICANA.

A capital gains tax or CGT is a tax on the profit realized on the sale of an asset. The most common capital gains are realized from the sales of stocks, bonds, precious metals and property.